Horace Mann Educators Co. (NYSE:HMN) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its holdings in shares of Horace Mann Educators Co. (NYSE:HMN - Free Report) by 1.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,659,695 shares of the insurance provider's stock after buying an additional 47,074 shares during the quarter. Dimensional Fund Advisors LP owned approximately 6.53% of Horace Mann Educators worth $104,340,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Smartleaf Asset Management LLC lifted its holdings in shares of Horace Mann Educators by 389.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 779 shares of the insurance provider's stock valued at $31,000 after purchasing an additional 620 shares during the last quarter. Sterling Capital Management LLC boosted its stake in shares of Horace Mann Educators by 806.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,296 shares of the insurance provider's stock worth $51,000 after buying an additional 1,153 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Horace Mann Educators by 72.9% during the 4th quarter. GAMMA Investing LLC now owns 1,591 shares of the insurance provider's stock worth $62,000 after purchasing an additional 671 shares during the period. Venturi Wealth Management LLC purchased a new position in Horace Mann Educators in the fourth quarter valued at $92,000. Finally, KBC Group NV raised its holdings in Horace Mann Educators by 42.3% in the 4th quarter. KBC Group NV now owns 2,378 shares of the insurance provider's stock worth $93,000 after purchasing an additional 707 shares during the period. 99.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on HMN shares. Keefe, Bruyette & Woods boosted their target price on shares of Horace Mann Educators from $44.00 to $45.00 and gave the stock a "market perform" rating in a research note on Tuesday, February 11th. Piper Sandler raised their price objective on shares of Horace Mann Educators from $42.00 to $44.00 and gave the stock a "neutral" rating in a research report on Friday, February 7th. Finally, JMP Securities reiterated a "market perform" rating on shares of Horace Mann Educators in a report on Friday, February 7th.

Horace Mann Educators Stock Up 2.0 %

Shares of HMN traded up $0.83 during mid-day trading on Friday, hitting $42.21. 53,580 shares of the company's stock were exchanged, compared to its average volume of 243,609. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.09 and a current ratio of 0.10. Horace Mann Educators Co. has a fifty-two week low of $31.81 and a fifty-two week high of $43.69. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 17.01 and a beta of 0.21. The stock's 50-day moving average is $41.26 and its 200-day moving average is $40.14.

Horace Mann Educators (NYSE:HMN - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.62 EPS for the quarter, topping analysts' consensus estimates of $1.04 by $0.58. Horace Mann Educators had a return on equity of 10.58% and a net margin of 6.44%. On average, sell-side analysts anticipate that Horace Mann Educators Co. will post 3.87 earnings per share for the current fiscal year.

Horace Mann Educators Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a dividend of $0.35 per share. This is a boost from Horace Mann Educators's previous quarterly dividend of $0.34. The ex-dividend date was Monday, March 17th. This represents a $1.40 annualized dividend and a yield of 3.32%. Horace Mann Educators's payout ratio is presently 56.45%.

Insider Activity

In other Horace Mann Educators news, Director Beverley J. Mcclure sold 2,816 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $42.86, for a total transaction of $120,693.76. Following the sale, the director now directly owns 13,643 shares in the company, valued at approximately $584,738.98. The trade was a 17.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Marita Zuraitis sold 4,000 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $37.37, for a total transaction of $149,480.00. Following the completion of the transaction, the chief executive officer now directly owns 294,324 shares of the company's stock, valued at approximately $10,998,887.88. This trade represents a 1.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,816 shares of company stock worth $485,624. Corporate insiders own 3.80% of the company's stock.

About Horace Mann Educators

Horace Mann Educators Corporation, together with its subsidiaries, operates as an insurance holding company in the United States. The company operates through Property & Casualty, Life & Retirement, and Supplemental & Group Benefits segments. Its Property & Casualty segment offers insurance products, including private passenger auto insurance, residential home insurance, and personal umbrella insurance; and provides auto coverages including liability and collision, and property coverage for homeowners and renters.